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bschell
Joined: 05 Jan 2008 Posts: 56 City/Region: tustin
State or Province: CA
C-Dory Year: 2003
C-Dory Model: 22 Cruiser
Photos: bschell 2003 22 Cuiser
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Posted: Mon May 02, 2016 6:57 pm Post subject: Boat Insurance Question |
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I have a 2003 22' C-Dory Cruiser, bought it new and have keep it in top shape. I just received my new 2016 policy and noticed the amount of insurance and agreed value at $28,000 down from $35,000 in 2015. I called Boat U.S and asked if we could bump the policy back up to $35,000 and they said the by the Bucprovalue guide line for pricing they use puts the worth of the boat at $13,000 to $17,000. So, even at $28,000 if I had a total loss I feel I would be under insured? they said if you can prove the boat is worth more they MIGHT reconsider (probably not). In my mind, if I want to pay for more coverage I can. If anybody has any input or suggestions about their policy and how they get the coverage they are happy with please add to the conversation. |
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thataway
Joined: 02 Nov 2003 Posts: 20810 City/Region: Pensacola
State or Province: FL
C-Dory Year: 2007
C-Dory Model: 25 Cruiser
Vessel Name: thataway
Photos: Thataway
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Posted: Mon May 02, 2016 7:06 pm Post subject: |
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Show them the asking prices, and selling prices on the "market place" section of the C Brat site. Point out that very few of the C Dory are sold thru dealers, so BUC is not accurate (BUC is compiled by what dealers report sales prices).
With Progressive thru International Marine Insurance, I had my 22 increased from $30,000 to $40,000--no problem. I just said I had upgraded the electronics, and other features. _________________ Bob Austin
Thataway
Thataway (Ex Seaweed) 2007 25 C Dory May 2018 to Oct. 2021
Thisaway 2006 22' CDory November 2011 to May 2018
Caracal 18 140 Suzuki 2007 to present
Thataway TomCat 255 150 Suzukis June 2006 thru August 2011
C Pelican; 1992, 22 Cruiser, 2002 thru 2006
Frequent Sea; 2003 C D 25, 2007 thru 2009
KA6PKB
Home port: Pensacola FL |
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bschell
Joined: 05 Jan 2008 Posts: 56 City/Region: tustin
State or Province: CA
C-Dory Year: 2003
C-Dory Model: 22 Cruiser
Photos: bschell 2003 22 Cuiser
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Posted: Mon May 02, 2016 7:16 pm Post subject: |
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I thought it smelled fishy, I will do just what you said. Thanks for your reply Thataway... |
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Barry Rietz
Joined: 21 Jun 2006 Posts: 409 City/Region: Sierra Vista
State or Province: AZ
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Posted: Mon May 02, 2016 9:59 pm Post subject: Boat Insurance |
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Visit a "State Farm Insurance" agent as they have become amenable to the needs of both vessel and classic car owners. They will provide an "agreed value" policy at competitive rates. My 2008 22' cruiser, along with all accessories and equipment, is insured for $41,000. and the recently paid annual policy premium was just $339...... _________________ Barry Rietz
N9DXC |
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RobLL
Joined: 05 Aug 2014 Posts: 421 City/Region: Bremerton
State or Province: WA
C-Dory Year: 2007
C-Dory Model: 22 Cruiser
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Posted: Tue May 03, 2016 11:53 am Post subject: |
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Safeco accepted my boat at the price I paid, they divvied it between trailer and boat. |
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